Multiple Choice
What does diminishing marginal product imply
A) The marginal cost of an extra worker is unchanged.
B) The marginal cost of an extra worker is less than the previous worker's marginal cost.
C) The marginal product of an extra worker is less than the previous worker's marginal product.
D) The marginal product of an extra worker is greater than the previous worker's marginal product.
Correct Answer:
Verified
Correct Answer:
Verified
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